Job Summary
Commercial Bank Financial Services is hiring a Trader- Liquidity Provision to join our dynamic organization .
The Trader will be responsible to execute orders on QSE based on market characteristics with respect to the assigned list of securities in the Qatar Exchange. He is required to independently manage the LP desk in adherence to CBFS policies and procedures and in full compliance with the regulatory regime.
Key Accountabilities
- Day-to-day responsibilities of liquidity provisioning. You need to provide liquidity by being present on the buy and the sell sides of the market
- Rigorous risk management and perfect compliance with regulatory rules
- Proactive behaviour in helping the book to achieve their goals through observation and analysis of trading behaviour
- Apply advanced statistical techniques to trading
- Use analytical problem solving-skills to develop new trading tactics
- Understand all trading techniques and thoroughly utilize them for the benefit of the company
- Develop in-depth knowledge of the Qatari market
- To comply with all applicable policies, procedures, laws and regulation
- Understand all trading techniques thoroughly and utilise them be benefit of company
- Operate within trading limits and risk parameters set per security and for overall LP business
- Achieve targets set within defined trading size, spread, time and quantity.
Other Accountabilities
- Balance P&L with Head of Financial Services and Finance Officer on a daily basis in order to calibrate orders for the following day.
- Tally LP trading with QE records and evaluate the value at risk on daily open positions, Daily calibration of positions to be bought/sold in the selected securities, vetted by the Head of Brokerage and Finance Officer.
- Daily reporting of positions, marked to market valuation and value at risk to Head of Financial Services, Finance Officer and Compliance Officer.
- Ensure adherence to legal, compliance and risk management policies and internal procedures.
- Review all securities transactions to ensure that trades conform to applicable regulations and CBFS policies and procedures.
Skills
Requirements
Required Qualifications:
Graduate degree (preferably Post Graduate) in Commerce / Mathematics/ Science/Finance / Accounting /Management
Required Experience:
At least 3 years of market experience with at least 1years in equity trading/market making/liquidity provision.
Competencies
- Adaptability/Flexibility
- Communication
- Creativity/Innovation
- Decision Making/Judgment
- Dependability
- Initiative
- Integrity/Ethics
- Interpersonal Skills
- Listening Skills
- Problem Solving/Analysis
- Teamwork
Skills
- Ability to interact with internal and external stakeholders
- Ability to work under pressure
- Accuracy and attention to detail
- Arabic speaking preferred
- Awareness of local cultural and social factors, and labour law provisions
- Bilingual (Arabic & English)